GlaxoSmithkline Consumer Q3 net up 25 pc at Rs 128.55 cr

NEW DELHI: GlaxoSmithkline Consumer Healthcare Ltd today reported 24.76 per cent jump in net profit at Rs 128.55 crore for the third quarter ended September 30.

The company had posted a net profit of Rs 103.03 crore during the corresponding period of previous year.

GlaxoSmithkline follows calender year January-December. Net sales of the company rose to Rs 827.54 crore for the third quarter, as against Rs 720.07 crore during the same period of 2011-12 fiscal, GlaxoSmithkline Consumer Healthcare (GSKCH) said in a statement.

Commenting on the results GSKCH Managing Director Zubair Ahmed said: "The strong results in the third quarter are backed by innovation and strong leveraging of science that has helped us come up with a winning proposition on our flagship brand Horlicks".

Shares of the company today closed at Rs 3,050 on the BSE, up 0.92 per cent from their previous close.